512/452 St Kilda Road Melbourne VIC 3004

Hotel, Motel, Pub & Leisure
30 m²
Sold

Long Term 25 Year Lease to 2047 with Solid Hotel Tenant!

This property offers an excellent opportunity for the astute cash investor to capitalise in the current market. With a long term lease with five year options that run all the way to 2047. The Hotel Kinson is currently setting up their hotel suites throughout the building and for this specific suite the rent is $13779.11 per annum + GST with a small discount for the first two years. With a 3% increase year on year and the length of this lease you can't find much of a better investment.

Features Include:

* Long term lease in place
* 50% of the body corporate administration fund paid by tenant
* Open plan room
* Galley kitchen
* Modern sparkling bathroom
* Secure entrance

Be quick to enquire!